China Foreign Deals Must Obey Market Principles, Regulator Says

Chinese companies making foreign acquisitions must obey market principles, follow “international rules of the game” and play down national interest, the nation’s foreign-exchange regulator said.

With China facing a window of opportunity to venture overseas, businesses must bear in mind return on investment, costs and cash flow, Yi Gang, head of the State Administration of Foreign Exchange, said yesterday at a forum held at Peking University’s China Center for Economic Research.